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New York - The Real Deal

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Title: New York - The Real Deal

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A&E Real Estate agreed to pay $2.1 million to settle thousands of violations across 14 buildings.  Mayor Zohran Mamdani announced the settlement agreement on Friday at one of A&E’s buildings at 35-64 84th Street in Jackson Heights. As part of its agreement with the city, Douglas Eisenberg’s A&E must correct more than 4,000 building code violations across 14 prop...


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Landlord Josh Gotlib says a “secret recording” made by his partner’s widow debunks her accusation that she was tricked into signing over her late husband’s interests in their real estate business. Natalia Legg — the widow of Black Spruce co-founder Oliver Legg —  sued Gotlib and his company Black Spruce Management in 2023 claiming that Gotlib tricked her into signing transf...


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Summit Properties was confirmed as the buyer of 5,151 mostly rent-stabilized apartments from Pinnacle Group in a Friday hearing. Pinnacle, run by Joel Wiener, placed the apartments in bankruptcy. Summit will pay $451.3 million for the portfolio.  The hearing marks the end of a weekslong battle, with Pinnacle and Summit on one side and the Mamdani administration and tenants ...


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A storied townhouse’s “tortured” sales process may have an end in sight. The palatial Upper East Side home at 15 East 63rd Street, which once served as famed designer Oleg Cassini’s studio, has found a potential buyer, according to a recent court filing.  The attempt to sell the home has been followed closely, not just because of Cassini’s reputation for romancing stars lik...


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The former “Red Square” building in the East Village has a new owner. Atlas Capital Group snapped up the multifamily rental building at 250 East Houston Street for $112 million, The Real Deal has learned. Dermot Company and Rockwood Capital put the 13-story, 130-unit property on the market this fall. The property is perhaps best known for its former life as the “Red Square” buil...


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